Weidner Pays $37M for Belltown Multifamily Property
Weidner Apartment Homes has purchased 206 Bell, a 122-unit multifamily community in the Belltown neighborhood of Seattle. According to the Daily Journal of Commerce, the property was purchased from Atlanta-based Invesco for nearly $37.5 million, representing a 9% drop in value in the 10 years that the company had owned it. Developed in 2013 by ... The post Weidner Pays $37M for Belltown Multifamily Property appeared first on Connect CRE.
Weidner Apartment Homes has purchased 206 Bell, a 122-unit multifamily community in the Belltown neighborhood of Seattle. According to the Daily Journal of Commerce, the property was purchased from Atlanta-based Invesco for nearly $37.5 million, representing a 9% drop in value in the 10 years that the company had owned it.
Developed in 2013 by HB Management and designed by Hewitt, The eight-story property features studio, one- and two-bedroom units, two levels of underground parking with 135 stalls, a rooftop deck and a ground floor restaurant, currently leased to Hatch Cantina.
Kirkland, WA-based Weidner has nearly 60,000 units across 280 properties in Washington, Arizona, California, Texas and several other states plus Canada. The 206 Bell community is located at the corner of Second Avenue and Bell Street in close proximity several restaurants, Pike Place Market, The Space Needle and Seattle’s Central Business District.
The post Weidner Pays $37M for Belltown Multifamily Property appeared first on Connect CRE.
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